The New Spanish Debt Stats Will Give You Chillshttp://www.businessinsider.com/spains-debt-grows-by-146-billion-2013-2/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Fri, 18 Aug 2017 01:43:53 -0400Mike "Mish" Shedlockhttp://www.businessinsider.com/c/51229efe69beddb97e000015pontiusMon, 18 Feb 2013 16:37:02 -0500http://www.businessinsider.com/c/51229efe69beddb97e000015
"bank central bank"
And there it is.http://www.businessinsider.com/c/51229b716bb3f7613c00001aIrrelevantMon, 18 Feb 2013 16:21:53 -0500http://www.businessinsider.com/c/51229b716bb3f7613c00001a
Growth of debt doesn't say anything about failure or succes of austerity policy. What matters is future growth potential and from that perspective Spain is on the right track. They're slowly getting more competitive and their trade deficit is shrinking fast. Things will turn around eventually. And it's dishonest to single out austerity for debt growth anyway, since stimulus increases debt even faster. Just take a look at the United States. American government debt is already higher than Spain at 107 percent of GDP and it's rising faster as well. And since the American economy shrank again in Q4, it seems stimulus isn't all that effective anyway. The growth return is lousy.http://www.businessinsider.com/c/51227daaeab8ead24e000008filladillyMon, 18 Feb 2013 14:14:50 -0500http://www.businessinsider.com/c/51227daaeab8ead24e000008
Hmmm, so they only two guys to reduce the public debt where a senile king (late 1800) and a Fascist dictator .... not so good.http://www.businessinsider.com/c/512257cceab8eacd7500000dkrypticMon, 18 Feb 2013 11:33:16 -0500http://www.businessinsider.com/c/512257cceab8eacd7500000d
Absolutely clear example of the failure of austerity problems. A classic recessionary death spiral.http://www.businessinsider.com/c/51223c836bb3f79e0900000fScrooge McDuckMon, 18 Feb 2013 09:36:51 -0500http://www.businessinsider.com/c/51223c836bb3f79e0900000f
"If you do not grow, you cannot pay your debts,"
Governments can be ponzi schemes too.